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Michael Milken Was A Victim
of Injustice
by Glenn Woiceshyn
Published in the Globe and Mail (pg. B2) on Dec. 11,
1996.
Dear Editor,
Re: "How To Invest like Michael Milken"--by Andrew Willis--Nov/30/96--The
Globe and Mail
While Andrew Willis is right to acknowledge Michael Milken's financial genius, he's
wrong to state that Milken "got a bit carried away -- after jail time the securities
industry barred him for life ...."
As demonstrated in Daniel Fischel's recent book, "Payback: The Conspiracy to
Destroy Michael Milken and his Financial Revolution," it was the U.S. Securities
and Exchange Commission and Rudolph Giuliani that got completely carried away with
their power-hungry, envy-driven assault on Milken, whose only "crime" was
that he made lots of money and earned it. They persecuted Milken for years, destroyed
his career, fined him billions of dollars and sent him to prison for silly, non-objective,
technical violations that harmed nobody nor violated anyone's rights.
Michael Milken was a productive genius who benefitted everyone with his so-called
"junk bonds" and his brilliant role in restructuring corporate America.
The Report on Business could help restore justice to Milken and boost productivity
in the world by revealing the truth surrounding the U.S. government's assault on
Milken and his financial revolution.
Sincerely,
Glenn Woiceshyn
© 1997 Glenn Woiceshyn. All rights reserved.
This article can be found on-line at at http://www.capitalism.org/glennw. |
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